Assume you are the director of financial reporting for each of the entities listed below. Type an X in the appropriate column to indicate which accounting standards you would use to prepare each entitys financial statements.

Please verify and offer explanations!

FASB standards

Entity	For profit	Nonprofit	GASB standards
Southern New Hamshire University		X
Norton Hospital, Louisville, Kentucky		X
Auburn University in Alabama		X
Medinah Country Club in Medinah, Illinois	X
Financial Accounting Foundation in Norwalk, CT			X
Navy Federal Credit Union			X
Colorado Technical University			X
Medical City Dallas Hospital			X
National Collegiate Athletic Association (NCAA)		X